Exhibit 99.1
Blyth, Inc.
Restated Segment Information - 3 Segment Format
Year ended January 31, (In thousands)
|
| 2003 |
| 2004 |
| ||
Net Sales |
|
|
|
|
| ||
Direct Selling |
| $ | 717,442 |
| $ | 764,527 |
|
Wholesale |
| 571,141 |
| 630,318 |
| ||
Catalog & Internet |
| — |
| 110,728 |
| ||
Total |
| $ | 1,288,583 |
| $ | 1,505,573 |
|
|
|
|
|
|
| ||
Earnings |
|
|
|
|
| ||
Direct Selling (2) |
| $ | 145,169 |
| $ | 136,423 |
|
Wholesale (1),(2) |
| 10,348 |
| 10,026 |
| ||
Catalog & Internet |
| — |
| 6,628 |
| ||
|
| 155,517 |
| 153,077 |
| ||
Other income (expense) |
| (12,960 | ) | (16,184 | ) | ||
Earnings before income taxes and cumulative effect of accounting change |
| $ | 142,557 |
| $ | 136,893 |
|
|
|
|
|
|
| ||
Identifiable Assets |
|
|
|
|
| ||
Direct Selling |
| $ | 246,607 |
| $ | 273,900 |
|
Wholesale |
| 475,472 |
| 526,133 |
| ||
Catalog & Internet |
| — |
| 160,380 |
| ||
Unallocated Corporate |
| 138,005 |
| 167,550 |
| ||
Total |
| $ | 860,084 |
| $ | 1,127,963 |
|
(1) 2003 Wholesale segment earnings include an impairment charge of approximately $2.6 million as a result of placing Wax Lyrical into administrative receivership.
(2) 2004 earnings include $23.8 million of restructuring and impairment charges of which $6.7 million relates to the Direct Selling segment and $17.1 million relates to the Wholesale segment.
